AMP Short Base Drops

AMP, the wealth management company announced earnings Wednesday. The short base is currently 0.8%, below that of Old Mutual, ING Group (ING) and Wuestenrot & Wuerttemberg. They currently stand at 2.5%, 1.1% and 0.1% respectively. All except ING have seen their short base decline over the last month, with Wuestenrot & Wuerttemberg falling 27%.

The short interest (as measured by Percent Shares Outstanding On Loan) for Amp Ltd (AMP) has dropped 14.03% over the past week and now stands at 0.59%. This is up 140.48% from the 52 week low hit on August 3, 2009. When compared to other Asia x Japan Insurance companies, the short base is well below the average of 1.13% for the sector.